https://www.taxtmi.com/caselaws?id=770242 ITAT Chennai allowed the appeal partly for statistical purposes. The Tribunal directed AO to compute disallowance u/s 14A r.w. Rule 8D considering only investments yielding exempt income during the year. Depreciation on capital subsidy was allowed following precedent. For disallowance u/s 14A, the matter was remitted to AO to determine Rule 8D(2) applicability for AY 2014-15. Depreciation at 60% on UPS, printers and routers was allowed following earlier decision. Weighted deduction u/s 35(2AB) was allowed as Form 3CL had no legal sanctity before 01.07.2016. For CSR donation u/s 80G, AO was directed to verify charity's clarification and allow deduction if found true. en-us Mon, 05 May 2025 00:00:00 +0530 Wed, 07 May 2025 10:12:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770242 ITAT Chennai allowed the appeal partly for statistical purposes. The Tribunal directed AO to compute disallowance u/s 14A r.w. Rule 8D considering only investments yielding exempt income during the year. Depreciation on capital subsidy was allowed following precedent. For disallowance u/s 14A, the matter was remitted to AO to determine Rule 8D(2) applicability for AY 2014-15. Depreciation at 60% on UPS, printers and routers was allowed following earlier decision. Weighted deduction u/s 35(2AB) was allowed as Form 3CL had no legal sanctity before 01.07.2016. For CSR donation u/s 80G, AO was directed to verify charity's clarification and allow deduction if found true. Case-Laws Income Tax Mon, 05 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770242